Pulse2 Technology and Social Media News » Redpoint Ventures

Path Raises $40 Million In Series B

Amit Chowdhry — Mon, 16 Apr 2012 14:39:08 +0000

Mobile social networking company Path has raised $40 million in Series B according to sources with AllThingsD. Redpoint Ventures led the $40 million round, which puts Path at a valuation of $250 million. Path currently has 2 million registered users after they completely redesigned their app last year to become a personal journaling app with ways to share travel, photos, location, and workouts with a Nike partnership. Path’s last ronud of funding was $8.65 million from KPCB, Index Ventures, and Digital Garage Japan.

Adobe Buys Digital Marketing Company Efficient Frontier

Amit Chowdhry — Wed, 30 Nov 2011 21:09:35 +0000

Adobe Systems Incorporated (NASDAQ:ADBE) has acquired digital marketing company Efficient Frontier. The acquisition will help Adobe add multi-channel ad campaign forecasting, execution, and optimization capabilities to their Digital Marketing solutions.

Efficient Frontier has social advertising buying capabilities for Facebook. Efficient Frontier has the ability use optimization algorithms to predict results and marketing ROI for clients.

These capabilities will be rolled into Adobe (Omniture) SearchCenter and Adobe (Omniture) SocialAnalytics. Adobe will also gain ownership of Context Optional, which Efficient Frontier acquired in May 2011 for about $50 million.

Efficient Frontier has a real-time bidding system for display ads and an auction-based buying suite for search, display, and social media. The transaction is expected to close in Adobe’s Q1 of 2012. Some of Efficient Frontier’s investors include Mitsui Ventures, Cambrian Ventures, and Redpoint Ventures.

[TechCrunch]

Professional Social Network Application For Facebook BranchOut Raises $18 Million In Series B

Amit Chowdhry — Wed, 11 May 2011 15:53:57 +0000

BranchOut is a professional social network application for Facebook that has raised $18 million in Series B funding led by Redpoint Ventures. Accel Partners, Norwest Venture Partners, and Floodgate also participated in this round. BranchOut now has a total of $24 million in funding.

The BranchOut application allows you to find jobs through friends on Facebook and it shows where your friends work. BranchOut creates professional profiles and it imports data from Facebook profiles including their employment history. BranchOut was founded by Rick Marini.

BranchOut allows you to search over 3 million jobs and 20,000 internships. Some of BranchOut’s clients that are using the Jobs tab include Groupon, Kiva, charity_water, and Readyforce. BranchOut has about 300,000 monthly active users.

[TechCrunch]

Mobile Ad Company Jumptap Raises $25 Million

Amit Chowdhry — Sun, 08 May 2011 21:33:41 +0000

Jumptap is a mobile ad network that has raised $25 million. Previous investors AllianceBernstein, General Catalsyt, Redpoint Ventures, Valhalla Partners, Summerhill Ventures, and WPP participated in this new round of funding. The new investors in this round were unnamed. [AllThingsD]

Peel Raises $16.7 Million To Turn Your iOS Device Into Universal Remote

Amit Chowdhry — Tue, 03 May 2011 14:56:49 +0000

Peel is a start-up company that has raised $16.7 million in Series B funding to turn your iOS device into a universal remote. Ravi Mhatre of Lightspeed Venture Partners led this round of funding. Redpoint Ventures and other seed investors participated in this round.

Peel has developed hardware that communicates with the iOS device and the television set. The hardware looks like a pear fruit and it can be bought from Apple retail stores for $100. Peel’s application can be downloaded from the App Store. It takes about 10 minutes to install everything.

[TechCrunch]

Adap.tv Raises $20 Million

Amit Chowdhry — Tue, 29 Mar 2011 03:10:25 +0000

Adap.tv has raised $20 million in funding from Bessemer Venture Partners, Gemini Israel Funds, Redpoint Ventures, and Spark Capital. Adap.tv has raised a total of $43 million thus far. Adap.tv’s platform lets advertising companies manage their online video ads. Publishers use Adap.tv to monetize their websites with the video content. Adap.tv currently sees about 60 million unique visitors and they deliver about 1.8 billion video ad views per month. [TechCrunch]

SocialVibe Raises $20 Million

Amit Chowdhry — Tue, 22 Mar 2011 20:37:28 +0000

SocialVibe is a Los Angeles, California based social advertising software and technology company that has raised $20 million in equity funding. This round of funding was led by Norwest Venture Partners, Redpoint Ventures, Jafco Ventures, and Pinacle Ventures. Jeff Crowe (Norwest) will be joining the company board of directors as part of the funding. SocialVibe is led by Jay Samit and they plan on using the funding for growth. SocialVibe provides technology that invites consumers to participate in offers with brands in exchange for virtual goods. [SoCalTech]

Menu Aggregator Services Just-Eat Raises $48 Million

Amit Chowdhry — Wed, 16 Mar 2011 21:13:54 +0000

Just-Eat is a local online takeaway menu aggregator service that has raised $48 million in a second round of funding. The company plans to use the funding to expand internationally. Just-Eat says they are expecting to generate over $500 million in revenue for partner restaurants in 2011. Just-Eat is available across 10 countries and has 15,000 restaurants listed. Greylock Partners, Index Ventures, and Redpoint provided this round of investment. Just-Eat formed in Denmark in 2001 and moved to London in 2008. The company raised $17.9 million in 2009. [paidContent]

2tor Raises $32 Million In Series C

Amit Chowdhry — Tue, 15 Mar 2011 17:19:27 +0000

2tor is an online education website that is based in New York City. The company has raised $32 million in Series C funding led by Bessemer Venture Partners. Previous investors that participated in this round include Highland Capital, Redpoint, City Light, and Novak Biddle. 2tor has raised a total of $65 million. 2tor is pursuing the higher education market and is partnering with graduate programs. 2tor plans on providing a technology platform for higher graduate programs to offer classes online.

2tor’s first partner is the University of Southern California, which will use 2tor for its Masters in Teaching and Social Work classes. Next year 2tor will be launching a nursing program with Georgetown University and MBA classes at UNC-Chapel Hill. Before University of South California started using 2tor, they had 80 students in the Masters of Teaching program. Today they have 1,500 students in the program. These students are in the program from across 45 states and 28 countries. The online students all pay the same full tuition and they get the same degree. 2tor runs the course websites and provides students with a webcam. 2tor shares tuition revenue with the schools.

[TechCrunch]

HomeAway.com In Talks For A $300 Million IPO

Amit Chowdhry — Mon, 21 Feb 2011 01:22:53 +0000

HomeAway.com is in talks with several banks about a $300 million IPO according to BusinessWeek sources. The banks that HomeAway is talking to include Morgan Stanley, Deutsche Bank AG, JPMorgan Chase & Co., and Goldman Sachs.

HomeAway was founded in 2005 and raised $500 million in private funding from Austin Ventures, Redpoint Ventures, Technology Crossover Ventures, and Institutional Venture Partners (IVP).

HomeAway is a website where you can rent houses, apartments, condos, etc. for vacations on a nightly or weekly basis. HomeAway currently has about 540,000 rental listings across 120 countries. Homeowners pay an annual fee of about $300 to post their properties.

[BusinessWeek]